REITS: How To Invest In Real Estate Without The Added Stink

grow

You ask your son to pass the salad.

He lifts the bowl as your cellphone rings. Taking calls during family dinners isn’t really your thing.

But your tenants have an emergency. A pipe broke in their bathroom and the place is starting to stink. No surprise here—you’ve just lost your appetite.

Many people have plenty of luck buying a second home and renting it out. Others battle. Sometimes, it’s a dishonest property manager. It could be a loopy, destructive tenant.

A marijuana grow operation could be thriving in your basement. 

Image by Pixabay

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I’m happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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5 Responses

  1. Jonathan says:

    Thank you for the information on REITS. How would you fit VGSLX into a Couch Potato portfolio? My current age (36) allocation is between VTSAX, VTIAX, and VFISX.

    Thank you,

    Jonathan

  2. Kahan says:

    Hi Andrew, which Global REIT would you recommend for diversification. I reside in Singapore and can’t find a local REIT ETF. I am considering adding a 10-20% allocation to my portfolio. It should look like:

    10% REIT ETF (maybe Ishares global reit?)
    15% Local Bond Index (ABF SG Bond)
    10% Individual shares
    35% Local Index Fund (STI ETF)
    30% Global Index Fund (VT)

  3. Mike says:

    Hi Andrew

    May I ask, for a British Expat, what Global REIT’s would you suggest we take a look at. Are there any issues with your recommended RNXG, due to it being listed on the NYSE.

    Thanks

    Mike

  4. Mike says:

    Hi Andrew,
    Just a follow up, as in your book you do state that its best for a non-US person to avoid the New York stock exchange, so to avoid US Estate Taxes, an example in Table 14.1. & again following table 17.2, I quote ‘Recognizing he doesn’t want his heirs to pay U.S. estate taxes, Sean selects ETFs domiciled outside the United States’
    Taking this into consideration would you have an alternative global REIT option to consider for a British Expat.
    Cheers

    Mike

  5. Steve says:

    Hi Andrew,

    I would also love to hear your thoughts on REIT’s for Brits or Canadians. I’ve only found IWDP (iShares Developed Markets Property Yield UCITS ETF) so far.

    Steve

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